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HomeMy WebLinkAbout0342 an~ sl~a~~ ~er~o~m. comply iuifh a?it1 a6ide by each an~~ ei~ery I~e agreemernls, itipu~alion's, conc~itions anc~ co~~enanfs t{~ereo(, an~ o~ t~~is morlpalle. f~ien fhis mortf~age a~d thP pstnfe hereby creafecr, stia~~ cease, [~e- termine and 6e null an~l ~~oid. • ` ~ t i ~nd Ihe mortgu~o~ here6y (urther covenanl~ aid ag?ees lo pay promptly when due the principal and } inferesl and ofher sums o~ moriey pro~~ided jor in saic~ note nnd t~is morfgage, or eiftier:_ fo ~y ali and sinflular 1he laxes, assessments, levies. Iia6ililies, obli~alions, ond encum6ronce: o( every nature on said pro- pe?fy: to permil. commif or suj~er no u~aste, impuirment or deierio?ation o( said ~and or fhe improvemenls fhvrnc>n nt any fime: fo ~PPP IIIP hui~~~inf~s now or h~rea(ter on saic~ ~an~ ~u~~y insurec~ in a sum oJ not ~ess ~i~an full insurable value in a compnny or companies accrptable to fhe morlga~ee, the policy or policies to 6e held 6y, and payable to, saic~ morigagee, anc~ in 1{~e evenf nny sum of money becomes payab~e bv virfue o! suc{~ insurance Ihe morfflac~Pe shall flqt~R the right to ?eceive and opply the same to the inde6tedness here6y secured, accounting fo the morlga~or for any surp~us: to pay a~~ cosfs, charges, and expenses. including ~awyer~s fees and til~e searcties, reasonnE~~y incurrec~ or ~a~d 6y ~hp mortgagee hpc-ause oj f/~e (ailure ol ff~e mortgngor !o prompt~y ant~ ju~~y c~omply u~il1? the ag~eemenls, sfipu~aiions, con~ifions an~I coa~enanls oJ said note and this mortgage. or eit{~er, to perform, comply with and abic~e by en~i~ anc~ every tl~e agree.ments, stipu~ations, condilions and covenanls sPt Jorfh irt said nole and lhis mortgage or either. In the enent the morlgagor (nila to pay u~hen c~ue any Inx, nssessmenl, insuran~e premium or of~Pr sum o~ money payahle 6y uirlue o~ saicr note anc~ f{~is mort{~age, or eit~~~r. Ihe mortgagee may p~y !tie same, wit~ouf waiving or ajJecting fhe oplion fo ~orec~ose or any otl~er right herpunc~er, and aII sucl~ payments sI~aII hear intpresf from date lhereof at 1{~e l~igl~est ~aw- (u~ rnfe t~~en ~Ilo«•~! by ihp ~aws oJ t{~e $fafe o~ Floric~a. ~l nny sum oj mon~) I~erein re~P~fP~ IO he nof prompl~y pai~ within 3~ days next ajter t~ie same ~~ecomes ~ue, or i~ enc~~ nncl every Ihe agreementsr slipulafiorts, rnnclifions an~ conenants o~ saic~ note and Il~is morl~aye, or ~ilher, are not ~ully per~ormed, complied wit1~ anc~ a6ided by, then the entire sum m~ntionecl in said nole. anc~ Ihis mortgage, or the entire ba~ance unpnid ti~ereon, shtt~~ forfl~witl~ or lhpreaf ter, ~t Ih~ oplion oJ ll~e mortga~ee, become un~ 6e due and pnya6le, anything in said note or herein to f~~e confrnrv nofu~ithstandinq. Failur~ 6y IF~e morlflagep fo exercise nny of f~e righls or opftons tierein proniclec~ shall nof conslifofp Q U~Atl~P/ O~ any rig{~Is or options under sai~ note.or this morfgage nccruec~ or therea(!~r act-rui?tt~. ~n ~itness ~~rLO~~ f~+P sai~ morfga,qor 6ns hereunlo signe~ una sealed these presents fhe ~ay an~~ y~ar (irst a6o~~e u+ritlen. $ignec~. sea~P~ unc~ ~~~i~~Prnc~ in t{~e pr~sc~nce o~: . _ , ^ ~ ' - - . - - - - ~ . . . - -l~? - Q~~ . - f . .OBERT P. PaWELEIT ; ~ _ - - - - - - ~ - ? : ; ~ . . ~ ~ • - _ _ . . . ~C ~~r•~-- .~Y~~ - = CAROLE E. PahTELEIT . ' - - - - - . . - - _ . . _ _ . ~ - s ~ ~ ~ ~ ~ - ~ ~ ~ STATE OF FI.ORiDA, ~ ~ coc~TV ~F SAINT LUCI E ~ I HEREBS' CERTIFY that on this day. beforc me, an ~ o[ficer duls autborized in the Stat~ a(oresaid and in the County aforesaid to tak~ acknowledgments, pcnonally appeared ~ . ,...~~~u~~.~ ~ ~,~~QgBgT p~ POhTELEIT and CAROLE E. POWELEIT ~ ~ ' Z , , ~ J ~ ~ ~~t~ •tnc ~knoNp~ tfF the person $ describ~d in and who ex~cuted the (or~qoinq instrumrnt and they acknowkdged ~ ~ ~ ~ ~ .~fZje1 e~~t4at ~:t~Y ~xccuted the same. ~ _ . _ - - - r+KIR~ESS my_hand and of(icial seal in thc County a tate last aforesaid th' day of ~-~J 74. ~ r a~ D. 19 ~ ; p 1 ~ , \ u~ ~ = ~ - • = . r~ • ~ • . ; ? S ` :.j " . ~ V,~` ` . '''~~.~,~..~,~~iotary P;?~i~c. S:a'_~ ~3 NOTARY P LIC ' _ - ~ ~Ay Commissio~ E ~.F r.~5 _ r'.- - . J ~o.a e, r.:~ a , ~ r ~ ~ ~ ~ i "``6 fILEO ~N: °ECORDEp SL~UCiE C~UMTY FLA. . R6CCP POiTRAa CIER!( ~tP:CUt~T COUR1 ~ 1 ' _ RFCOP.D YE.°.=~:~ ~ = Art 15 10 Os AH'1~1 'Y° Tlrij hrurr~arc~r~ prcpnr~d by: Devitt J. Adams . ='~s p o sox 3937 2'79341 - n~~~-u - Fort Pierce, FL 33450 a~ 226 ~f 3~2 ~ _ - .h.